A grassroots approach to insurance diversity and inclusion

The talent crisis insurers are facing is an opportunity to build a diverse and inclusive workforce. (Rawpixel Ltd./Adobe Stock)

According to the U.S. Bureau of Labor Statistics, over the next few years, approximately 400,000 employees are expected to retire from the insurance industry. The issue is compounded by a lack of interest from millennials, who are choosing careers in technology or health sciences rather than insurance. Many pundits conclude that carriers will not achieve their diversity objectives when the pool of talent contracts and perception meaningfully constrains recruiting. It’s difficult to diversify an organization when the pool of talent is already limited.

At Fortegra, we decided this industry problem was an opportunity. The need to retain and attract talent presents the opportunity to build and develop a diverse and inclusive team. What follows are a few of the reasons we think that’s important as well as advice for getting there.